Always remember that, once a politician starts speaking, he's lying.
pull down to refresh
93 sats \ 2 replies \ @Undisciplined 25 May 2024
"America" is pro whatever enriches the donor class. Paper bitcoin seems to have entered that category, but I wouldn't expect that to extend to P2P bitcoin, necessarily.
reply
62 sats \ 0 replies \ @riberet19 25 May 2024
I believe that paper Bitcoin is also on a mission to manipulate the individual into not using the real Bitcoin and using paper Bitcoin because "it's safer"
reply
0 sats \ 0 replies \ @Silent_Hodler 25 May 2024
Preach!
reply
10 sats \ 2 replies \ @Signal312 25 May 2024
This is presented as a pro-bitcoin bill, but it looks like there's some crazy restrictions in there. For instance, you can't buy digital assets for more than the greater of 10% of your net worth or 10% of your annual income.
From here: https://www.congress.gov/bill/118th-congress/house-bill/4763/text?s=1&r=1&q=%7B%22search%22%3A%5B%22Financial+Innovation+and+Technology+for+the+21st+Century+Act.%22%5D%7D
“(B) with respect to a transaction involving the purchase of units of a digital asset by a person who is not an accredited investor, the aggregate amount of all units of digital assets purchased by such person during the 12-month period preceding the date of such transaction, including the unit of a digital asset purchased in such transaction, does not exceed the greater of—
“(i) 10 percent of the person’s annual income or joint income with that person’s spouse or spousal equivalent; or
“(ii) 10 percent of the person’s net worth or joint net worth with the person’s spouse or spousal equivalent;
reply
0 sats \ 1 reply \ @anon 29 May 2024
That's wild! Do you know if they're trying to apply that to standard bitcoin buys too or is that only for the ETFs of the world?
reply
0 sats \ 0 replies \ @Signal312 29 May 2024
Umm...I didn't even think of the ETFs, I thought it was for straight BTC. I could totally be mistaken though.
If I remember right the whole thing is 482 pages long. Insane.
reply
10 sats \ 1 reply \ @cristaiji 25 May 2024
I hope so.
Once America moves, the UK tends to follow.
reply
11 sats \ 0 replies \ @riberet19 25 May 2024
Not just the UK, but Europe mostly as well.
reply
0 sats \ 0 replies \ @om 25 May 2024
America was founded on libertarian principles so America would be pro Bitcoin from the start. What we deal with instead is a fork throwing the basic principles out of the window: America Cash.
reply
0 sats \ 0 replies \ @guts 25 May 2024
Democrats vote in favor for elections, they could change their minds after that.
reply
0 sats \ 2 replies \ @itsMoro 25 May 2024 freebie
america so weird. right hand trying to kill btc while the left hand defending btc from the right one.